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National Finances Are Not Household Finances

As part of the lecture series between UCL Institute for Innovation and Public Purpose (IIPP) and the British Library, Professor Stephanie Kelton speaks on why a government budget should not be looked at in the same way as a household budget. Drawing on her experience as the Chief Economist on the US Senate Budget Committee, Stephanie Kelton gives a beginner’s class on public deficits and what (almost) everyone is missing in the debate over the government’s budget. Is the government’s budget really just like a family budget? (Teaser: It’s not!)
https://www.youtube.com/watch?v=6IBEoWSiTHc&app=desktop